Thursday, July 3, 2025

Wallbridge Expands Land Package At Detour-Fenelon Trend

Wallbridge Mining (TSX: WM) announced a significant development this morning, with the firm entering into an option agreement to acquire a 65% interest in the Casault gold property from Midland Exploration (TSXV: MD). The news is significant in that the property is contiguous to two of Wallbridge’s properties in the Detour-Fenelon gold trend.

The acquisition of Casault brings together the Detour East gold property with that of the Martiniere property, enabling the company to unit its properties seamlessly. Combined, Wallbridge now has control over 900 square kilometres of exploration property in the Northern Abitibi Greenstone Belt.

The new property consists of a total 322 land claims approximately 40 kilometers east of the Detour Lake gold mine. The new property is approximately 177 square kilometres, and hosts the the Vortex zone, which has graded up to 1.38 grams per tonne gold over 26.5 metres, with the zone being at least 1.5 kilometres long.

The property can be acquired up to 65% through the execution of two separate option agreements. The first outlines a path to 50% ownership, which includes aggregate expenditures of $5.0 million by June 30, 2024, along with aggregate cash payments of $600,000 by June 30, 2024 directly to Midland via a series of installments.

The second option agreement, good for an additional 15% of the property, requires additional expenditures or cash payments of $6.0 million within two years of the first option being fully exercised. The form of payment is at the discretion of Wallbridge.

Wallbridge Mining last traded at $1.03 on the TSX.


Information for this briefing was found via Sedar and Wallbridge Mining. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Gold Lion Releases 2021 Erickson Ridge Exploration Program

Gold Lion Resources (CSE: GL) this morning announced its exploration plans for its Erickson Ridge...

Tuesday, May 4, 2021, 09:47:15 AM

Fosterville South Reports Initial Assay From Reedy Creek: 31.34 G/T Gold Over 11 Metres

Fosterville South Exploration Ltd. (TSXV: FSX) reported this morning an update from the initial drilling...

Monday, August 9, 2021, 05:31:00 PM

Monterey Minerals, Drill Ready and Elephant Hunting

With spot gold now trading over USD $1700 an ounce, it definitely seems a good...

Sunday, May 10, 2020, 12:20:13 PM

Scottie Resources Reports Intersect Of 11.8 g/t Gold Over 6.57 Metres

Scottie Resources (TSXV: SCOT) this morning released the latest assay results for its Scottie Gold...

Friday, January 14, 2022, 08:14:28 AM

New Found Gold Reports Results From Single Hole At Keats Footwall Zone

New Found Gold (TSXV: NFG) this morning announced the drill result from a single drill...

Thursday, January 13, 2022, 08:19:34 AM